The Playboy Mansion, Hollywood’s ultimate party palace and scene of celebrity debauchery, is no longer up for sale. The five-acre property’s next-door neighbor has picked it up for an undisclosed price, the Wall Street Journal reports.
Put on the market in January for $200 million — making it easily one of the most expensive residential listenings in U.S. history — the mansion comes with a curious caveat: 90-year-old Playboy founder Hugh Hefner has a life estate on the property, meaning that he’ll live out the rest of his days at the historic Holmby Hills house as the new owner’s roommate. That new owner is 32-year-old Daren Metropoulos, a private equity principal, owner of Hostess Brands, former co-CEO of Pabst Blue Ribbon, and son of a billionaire.
“The heritage of this property transcends its celebrity and to have the opportunity to serve as its steward would be a true privilege,” Mr. Metropoulos told the WSJ of the 1927 estate. He also said he intends to combine his own adjacent home with the Playboy property after Hefner’s tenancy ends.
Hefner’s company bought the property over 45 years ago for about $1 million and has been leasing it back from Playboy Enterprises.
- Here's Where All The Strongest Hurricanes Have Hit the U.S. in the Past 50 Years
- 2022 Time100 NEXT: TIME’s List Of Emerging Leaders Who Are Shaping the Future
- Industrial Farming Causes Climate Change. The ‘Slow Food’ Movement Wants to Stop It
- Here Are the 12 New Books You Should Read in October
- Artist Oliver Jeffers Wants to Paint the World Out of a Corner
- A Vibrant North Korean Community in London Finds Its Days Are Numbered
- COVID-19 Vaccines Can Make Periods Longer, Study Says
- Column: What Happened When My Entire Family Came Out
